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Friday 20 October 2017

2017-10-12

[N] PURC boss, Samuel Sarpong, sacked
[N] Don’t stampede gov’t into closing fuel stations – OMCs
[N] £350k Scandal: Otumfuo clean – Sacked Bank Official
[N] 245 suspected drug peddlers, prostitutes arrested in Ashanti
[N] Don’t follow ‘malicious’ social media – Rawlings advises Media General
[N] Gov’t withdraws Zongo Development Fund bill

2017-10-11

[B] Ghana woos investors at IMF/World Bank Meetings
[B] Hybrid power stations to add 850MW to grid
[N] Agric College Students Picket At MoFA Today
[N] We don’t need cabinet meeting to solve gas explosions – Namoale
[N] Cost of home loans drop to 30.6 %
[B] Ghana’s exports rise to $ 8.9 billion
[N] Gov’t investigating report of Ghanaian ISIS fighters – Majority
[N] Tension in Bimbila ahead of late chief burial Thursday
[N] Akufo-Addo's 'one achievement, one launch' is new NPP strategy
[N] God is the reason - 13-year-old KNUST student says
[N] Workers on the Kejetia market project to lay down tools following threats
[N] Parliament tasks 3 committees to investigate gas explosions
[N] Mansco Gas must compensate explosion victims – Mahama Ayariga
[N] Police accused in Delta Force 13 case

2017-10-10

[B] Airlines upbeat about boost in business
[N] Earlier charges against Delta Forces dropped
[N] SUNDA Int. & TWYFORD Ceramics donate to gas explosion victims
[N] Operation to ban public smoking in Tamale to be activated after six arrested in
[N] AUCC founder launches book about his life as public servant and private citizen

2017-10-09

[S] Ghana Rugby team beats Mauritius in impressive Sevens campaign
[N] Thieves steal car at Legon after man fled from Atomic gas explosion
[N] Fuel explosions: NPA to employ 200 extra safety auditors – Agyarko
[N] Petrochemical workers opposed gov’t's new policy on gas explosions – Abu Ramadan
[N] Kwadaso Agric. College Students boycott lectures over unpaid allowances
[N] Court grants withdrawal of application against lawyer for EC boss
[N] Nana Addo to personally pay for presidential correspondent’s funeral
[N] NDC financiers, others frustrated our fight against 'illegal' fuel stations - Ay
[N] New Ya-Naa Will Be My 1st Year’s Crowning Achievement – Akufo-Addo

2017-10-08

[N] Kwadaso MP visits flood prone areas after heavy down pour
[I] Ellen Johnson Sirleaf Touts Legacy As She Prepares To Step Down  
[N] Wassa Akropong Shooting; 4 Arrested
[N] Brother Of 13-Year-Old KNUST Student To Break Sister’s Record
[N] Encroachment of Owabi Forest cause of flooding at Atafoa- Assemblyman
[N] Kwadaso: building kills 2, 1 in critical condition
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Business

[ 2017-05-17 ]

Government’s debt to ECG hits 1.6 billion cedis
Government’s total indebtedness to the Electricity
Company of Ghana (ECG) has hit GH¢1,599,800,195 as
at March 2017.

The figure increased from the GH¢1,390,966,034
recorded as at December 2016.

This also represents a 15 percent increase in the
government’s debts owed the power distributor
between 2016 and March this year.

Government subsidy to some electricity consumers
of about 655 million cedis, was the highest
contributor to the debts owed ECG.

According to the ECG, government’s indebtedness
were accounted for by the Ministries, Department
and Agencies (MDAs), Ghana Water Company Limited
(GWCL) as well as the subsidies provided to some
consumers of electricity.

Debts attributable to government’s subsidies to
some electricity consumers rose from
GH¢573,240,363.58 to GH¢654,574,074.70 between
2016 and March this year.

This went up by 81.3 million cedis representing 14
percent increase.

Also, debts attributable to the Ministries,
Department and Agencies went up from
GH¢542,798,426 to GH¢621,470,595 as at March this
year.

The debt went up by 78.6 million cedis
representing an increase of 14.49 percent.

Similarly, debts attributable to the Ghana Water
Company Limited went up from GH¢274,927,244 in
2016 to GH¢323,755,252 as at the end of March this
year.

This category went up by 48.82 million cedis
representing about 18 percent.

Even though the government had made some payments
between January and March this year for debts owed
by the Ministries, Departments and Agencies, it is
yet to make any payments for debts accumulated due
to subsidies, this year.

Meanwhile, for the first five months (first 19
weeks) of 2017, ECG has collected
GH¢1,974,453,288.10 in debts from consumers.

This translates into an average debt collection
figure of GH¢103,918,594 compared to a target of
GH¢130,000,000.

Source - citibsinessnews.com



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